SiriusXM Q1 revenue falls 4% to $2.07 billion; net income drops to $204 million
SiriusXM reported first-quarter 2025 results on May 1, 2025, with revenue of $2.07 billion, down 4% from a year earlier, and net income of $204 million, down from $241 million. Diluted earnings per share were $0.59, compared with $0.63 in the prior-year quarter. The company reaffirmed its full-year 2025 guidance for revenue, adjusted EBITDA and free cash flow, so shareholders see lower first-quarter revenue and profit with no change to the annual targets.
Key points
- Revenue was $2.07 billion, down 4% from $2.16 billion in the first quarter of 2024.
- Net income was $204 million versus $241 million; diluted EPS was $0.59 versus $0.63.
- Adjusted EBITDA was $629 million, down 3% from $650 million; free cash flow was $56 million, down 36%.
- Full-year 2025 guidance was reiterated: revenue of about $8.5 billion, adjusted EBITDA of about $2.6 billion and free cash flow of about $1.15 billion.
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.